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Assessment

Assessment Change Notices are sent out the 1st week of March.

Your assessed value (A.V.) is 1/2 of your estimated true cash value (market value).

Your taxable value (T.V.) is what your taxes are levied against.  

The increase in  T.V. is capped at the rate of cost of living or 5%, which ever is lowest or until the property changes ownership.

 

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